2025 Episode 5 - 5 Essential Shifts for Business Success
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2025 Episode 5 - 5 Essential Shifts for Business Success
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5 Essential Shifts for Business Success with Audrey Blackburn
In this conversation, Audrey discusses essential shifts that business owners can make to improve their financial management and overall business success. The focus is on setting clear goals, maintaining financial awareness, ensuring proper compensation for oneself, and utilizing available educational resources to enhance business knowledge. Audrey emphasizes the importance of regular check-ins with financials and the need for accountability in achieving business objectives.
Takeaways:
- Set goals at the beginning of the year and check in regularly.
- Business owners must be aware of their financials daily.
- It's crucial to have a budget and track expenses.
- Pay yourself consistently to develop financial discipline.
- Educate yourself on financial management through available resources.
- Don't ignore your bookkeeping; it’s essential for growth.
- Align your goals with your current business direction.
- Regularly review profit and loss statements to understand your business.
- Utilize small business centers for free educational resources.
- Take action on at least one financial aspect today.